ComEd and SunVest Activate Community Solar Farms in Dekalb and Freeport
- ComEd and SunVest Solar have completed four new community solar projects in northern Illinois, contributing to the expansion of renewable energy and Illinois' clean energy goals.
- These projects enable ComEd customers to save money on their electric bills while accessing clean and renewable energy.
- By the end of 2023, ComEd expects to have 100 community solar projects serving about 25,000 customers.
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Four new projects to help meet growing customer demand for clean and renewable energy
“ComEd and SunVest are proud to play leading roles in the growth of community solar in Illinois,” said Scott Vogt, ComEd’s vice president of Strategy and Energy Policy. “Momentum continues to grow as more customers learn about community solar and how it enables them to access clean and renewable energy with little effort on their part. By the end of 2023, we expect to have 100 community solar projects serving about 25,000 customers.”
The two SunVest community solar farms in
“We are pleased to help make the ComEd region one of the nation’s fastest growing markets for community solar,” said Bram Walters, CEO of
Community solar allows all ComEd customers to access the benefits of clean solar energy without installing solar panels of their own. Participants subscribe to a solar energy farm of solar panels owned by an independent developer and earn credits on their monthly ComEd bills for their portion of the energy produced by the project. Energy generated by the community solar project flows to ComEd’s grid and becomes part of the overall energy supply. Customers usually subscribe to receive enough electricity to offset their annual usage. In most cases, ComEd customers can subscribe to a community solar project located anywhere in the ComEd region, provided it is not fully subscribed.
ComEd has recently launched a community solar calculator that helps customers determine the most appropriate subscription size and provides estimated costs and savings: www.ComEd.com/SolarCalc.
Illinois’ Climate and Equitable Jobs Act (CEJA), which was enacted in 2021, increases support for renewable energy to reach 40 percent by 2030 and 50 percent by 2040. It creates nearly 9,800 megawatts of new solar capacity and increases funding for the Illinois Solar for All program — which gives lower-income customers access to solar power — from
The multi-year grid and rate plans that ComEd filed with the Illinois Commerce Commission earlier this year support this rapid expansion of renewable energy and help ensure equitable access to the benefits of clean energy under CEJA. The plans align with ComEd 2030, the company's recently announced vision for a carbon-free energy future that will benefit all communities and meet customers' changing needs for the rest of this decade and beyond.
ComEd is a unit of
SunVest is a rapidly growing leader in renewable energy, establishing itself as a vertically integrated distributed generation platform with expertise across the value chain, including development, construction, financing, and operations. SunVest is advancing an industry-leading pipeline of nearly 2 gigawatts of development projects, with a growing portfolio of assets under management expected to reach 250 megawatts in 2023. SunVest is headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20231012847603/en/
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Source: ComEd
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